This Table of Indexed Pensions shows the following data in respect of pensions payable from January 1, 2008 for retirements that have taken place in the month of December of each year.  The table is based on the factors provided by Canada Life.

 Column 4 shows the amount of current (indexed) pension corresponding to an initial pension of $100.  Thus, for a member who retired in December 1992, for each $100 of the initial pension, the amount payable from January 1, 2008 would be $133.  For a person retiring in December 1985, the corresponding amount will be $176. 

 Column 5 shows the estimated “catch up room” available on January 1, 2008 corresponding to a current pension of $100 (i.e. payable on January 1, 2008).  Thus, for the member who retired in December 1992, the “catch up room” for each $100 of current pension will be $76.  For a person retiring in December 1985, it will be $125.  This means that the current pension of $100 could have been increased by these amounts if the CPI increase limitation had not been applied.  This “catch up room” will be available for use in later years, if the pension fund earnings were not able to keep up with inflation (through increased yields).

For retirements taking place in months other than December, the above values can be obtained by interpolation.  Columns 2 and 3 of the table show the values of the “Excess Interest Rate” and “CPI Increase Rate” applicable for the years following the year shown in Column 1.